Bank-Al-Maghrib

Morocco set to promote Sahara as hub for West Africa

The new development model for the southern provinces ushered by King Mohammed VI has geared investments in infrastructure that aim at making of the Sahara a hub for Sub-Saharan Africa. In total, $7 billion were allocated to the Marshall plan for the Southern provinces over the 2016 – 2023 period. The 683 projects planned for […]

African Union, IRENA to advance renewables in response to COVID-19

The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organizations will focus on innovative solutions to drive the development of renewable energy including decentralized systems, and to increase access to energy across […]

Royal pardon for cannabis farmers, conducive to investments

Thousands of families, mostly in northern Morocco, breath a sigh of relief following a royal pardon that benefited 4781 farmers indicted or wanted on illegal cannabis farming charges. Cannabis is the main agricultural activity in many areas in western Rif, where it has been grown for generations illegally. Since 2021, Morocco opened a legalization process […]